EBRD mulls 2 mln euro loan to N. Macedonia's NLB Banka for green investments

The European Bank for Reconstruction and Development (EBRD) said it is considering providing a senior unsecured loan of up to 2 million euro ($2.3 million) to North Macedonia's NLB Banka [MSE:TNB] for private energy efficiency investments.

The potential loan would be extended in two equal disbursements of 1 million euro under the Western Balkans Green Economy Financing Facility II (WB GEFF II), the EBRD said in a project summary document on Tuesday.

The loan would have a tenor of maximum seven years, including up to six months of grace period. The funding would be used for on-lending to individuals, housing collectives, producers, vendors of green technologies and service providers for green investments.

NLB Banka is part of Slovenian banking group Nova Ljubljanska Banka (NLB).

GEFF is a 135 million euro programme co-financed by the EU, the Western Balkans Investment Framework and the Austrian Federal Ministry of Finance. It is implemented under the umbrella of the Regional Energy Efficiency Programme for the Western Balkans.

($ = 0.8648 euro)

Choose your newsletter by Renewables Now. Join for free!